Archive for the ‘ General ’ Category
Best advice I can give any individual ,
Don’t let emotion effect the investment decision,
Pro Active apposed to reactive ,
More to follow ,
Tony Evans
Very adapt considering its Super Bowl .
Charity group Oxfam have carried out a study which shows that the world’s wealthiest 1% will soon own more than the rest of the world’s population.
The research indicates that the share of the world’s wealth owned by the richest 1% increased from 44% in 2009 to 48% last year. On these current trends, Oxfam says that it expects the wealthiest 1% to own more than 50% of the world’s wealth by 2016.
The charity is calling on governments to adopt a seven point plan to tackle inequality, including a clampdown on tax evasion by companies and the move towards a living wage for all workers.
Oxfam made headlines at Davos last year with the revelation that the 85 richest people on the planet have the same wealth as the poorest 50% (3.5 billion people). It said that that comparison had now become even starker, with the 80 richest people having the same wealth as the poorest 50%.
The charity said the research, published on Monday, showed that 52% of global wealth not owned by the richest 1% is owned by those in the richest 20%.
The remaining population accounts for just 5.5% of global wealth and their average wealth was $3,851 (£2,544) per adult in 2014, Oxfam found. That compares to an average wealth of $2.7m per adult for the elite 1%.
Last year I wrote a blog post on Are you among the world’s wealthiest? This will surprise you
To be in the worlds 1% you need assets of $798k .
An individual $3,650 ( all assets ) you among the wealthiest 50 % of the world population .The other half own only 1% of the world wealth !
77pc of adults – that’s 3.3bn people – have less than $10,000 .
To be the top 10pc of richest people – membership requirement is $77,000 – hold 87pc of the world’s wealth.
$798,000 is what you require to be in the top percentile of the world’s wealthiest. 1 % accounts for almost half – 48.2pc – of global assets.
Greed and fear moves the equity market more than any other market in my opinion, stock market is up 17% in a year. Remember in 2009 and everyone thought the world was going to end. The market is up a massive 197% since the March 2009 low.
It’s not timing in the market that delivers a return. It is time in the market.
Warren Buffett said it best:
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
What I have seen is a lot of individuals under the age of 32 haven’t participated in this rally and this could have serious consequences for their financial futures.
There is a mind-set amongst the millennial. Uncomfortable with choosing the stock market as their preferred method of investing they have the same attitude as their grandparents, risk averse.
The most preferred investment for millennial is cash, which is crazy in an era with inflation and low yield it could possibly be the worst in true return.
Millennial are not investing, they don’t have the pensions that their parents had and have a bigger burden of accumulating wealth on their own for their retirement needs. Particularly in an era where life expectancies are getting long, health care costs are going up, so they have a bigger financial outlay but are saving less.
This is an interesting trend I see in the market place that the generation that will have the largest financial burden are saving the least.
Tony Evans
Tokyo
24/7/2014
Interesting facts on returns over 10 years . Just shows anyone that says that one certain investment is the right investment is truly misguided .
Some assets will go up and down over time , only a diverse portfolio would ensure that one would make money .
Wise buys for the wealthy expat
Gold went up by 273pc in a decade, but it has seen its lustre fade recently, with prices falling 23pc in the year to June.
Picture: PAUL J. RICHARDS/AFP/Getty Images
Antique furniture – such as these pieces auctioned in London in 2011 – did not perform so well. It decreased in value by 19pc over the decade.
Picture: Dan Kitwood/Getty Images
Luxury watches proved that “time is money,” as they rose by 83pc. These timepieces by Piaget were displayed at a professional fair in Geneva in January.
Picture: FABRICE COFFRINI/AFP/Getty Images
A collection of 17 items of antique Chinese ceramics, including vases, bowls and boxes, fetched £8 million when sold in Hong Kong by Croydon Council last month. As an asset class, Chinese ceramics went up 83pc.
Picture: PHILIPPE LOPEZ/AFP/Getty Images
Diamonds – in fact jewellery overall – proved to be a girl’s (and a guy’s best friend), rising in value by 146pc. This collection of rare gems featured in a “Magnificent Jewels” sale at Sotheby’s New York in 2009.
Picture: Peter Macdiarmid/Getty Images
Art was another good buy – it rose by 183pc. Christies employees are pictured here carrying away the Rembrandt masterpiece ‘Portrait of a Man with Arms Akimbo’ which fetched £18 million at a sale in London in 2009.
Picture: Carl Court/AFP/Getty Images
Coins increased by 225pc in a decade – a true story of pennies (or pounds) from Heaven. These antique coins date from 18th and 19th century Britain.
Picture: CARL DE SOUZA/AFP/Getty Images
Prime central London property went up by 135pc in 10 years. One buyer spent £27 million recently on an apartment at the One Hyde Park development in Knightsbridge.
Picture: Dan Kitwood/Getty Images
The FTSE 100 share index rose by a relatively paltry 55pc over the same period, having suffered a crash in 2008 (as pictured).
Picture: Leon Neal/AFP/Getty Images
Wine proved to be a tasty investment as well as an enjoyable tipple. As an asset class, it rose 182pc over the 10-year period. Certainly news worth toasting.
Picture: ERIC FEFERBERG/AFP/Getty Images
Stamps were another wise buy for the super rich. This asset class – which includes collectables such as this 1840 Penny Black – rose in value by 255pc.
Picture: Dan Kitwood/Getty Images
The Knight Frank Luxury Investment Index showed nine assets that increased in value by 174pc in a decade. Most outperformed gold, London property and the FTSE 100. The top investment was cars such as these vintage Ferraris, which shot up 430pc.
Picture: Dan Kitwood/Getty Images
1,300 killed in chemical attack in Syria.
The Syrian opposition has just confirmed that state security forces have launched intense artillery and rocket barrages in the Syrian capital of Damascus – resulting in hundreds of people dead in a poisonous gas attack.
1,300 people were killed as shells rained down – the figure was confirmed by George Sabra, Deputy Head of Syrian National Coalition, the opposition to and replacement of the Bashar al-Assad government of Syria.
Initially, there were varying death tolls, which are common following attacks in Syria due to the government’s refusal to allow independent news reporting.
A local nurse told the press that many of the casualties are women and children, who arrived at medical centres with their pupil dilated, cold limbs and foam in their mouths – typical symptoms of nerve gas victims.
Videos uploaded to social networking websites showed hundreds of people dead, lying on pavements and inside buildings, their bodies showing no obvious signs of injury. In one video, at least a dozen young children’s bodies were lined up on the floor.
To date, there have been many claims of small-scale, localised chemical attacks in Syria, but the reports that emerged today suggest a possible wider dispersion of toxic agents.
This is heaviest attack since the start of the two-year conflict.
Notably, a Syrian official said that claims of the government using chemical weapons are absolutely untrue.
“The army will never use chemical gas on the Syrian people, if it does exist anyway” – Syria’s government has never officially acknowledged even possessing chemical weapons, although the regime is known to be in possession of significant stockpiles of various toxic agents.
Great article on the income disbursement in New York .
For example, a neighborhood where the net worth is $500,000 would be represented by a 3D bar graph 5cm high, compared to an area where the net worth is only $50,000, where a bar would be 0.5cm high.
Have a look before
When an online review becomes an onLIEne review
AUGUST 5, 2013
In an age where most people basically live on the internet, online reviews are an incredibly useful thing to have. You can read the honest opinions of people just like you, who aren’t being paid anything for their thoughts, on anything from movies, to restaurants, to books, to retailers to teachers (yes, really). Then you can judge for yourself whether to give it a go yourself or not.
Of course, the system is not without its flaws. Its greatest pitfall is a lack of accountability. Since the reviewer is comfortably hidden behind a screen and an online ID, they can use and abuse online reviews for fraudulent means, and nobody will be there to ensure the authenticity of their experiences. TripAdvisor saw two of these episodes make headlines this year – ‘Oscar’s’, the divine eatery which turned out to be an empty, dingy alley way, and the glowing hotel reviews (and subsequent slamming of rivals) by Peter Hook – and these were just the ones that got public attention. Thousands such cases go unnoticed every year.
The lack of accountability of online review sites make them a prime breeding ground for malicious slander for firms in all industries, and unfortunately, deVere Group reviews are no exception. Some deVere Group reviews have been extraordinarily negative, utterly scathing, and worst of all, completely false. The anonymity of the internet wipes the writers of any responsibility, allowing them to hash out their personal disgruntlements and perceived slights against a company and doing substantial amounts of damage without being held accountable for them.
With over ten years of experience in the financial advisory services sector and more than 70,000 clients all over the world, a few libellous deVere Group reviews aren’t going to impede our sleep at night. But in an age where everyone can post about their experiences – real or fake – perhaps the best review is your own experience.
Read what deVere Group CEO Nigel Green had to say about malicious online reviews here.
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Tony Evans - Tokyo 
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